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Commercial and hospo’ tenants sought

12.11.2018

Commercial and hospo’ tenants sought for remaining spaces at cutting-edge medical hub.


Commercial and hospitality leasing options are available in Auckland’s newest high-end mixed-use development, St Marks in Newmarket.

The upper two floors of commercial space and the ground-floor hospitality-designated area of a soon-to-be-opened medical hub and high-end apartment complex in the heart of Auckland have been brought to the market for leasing.

The commercial floors are situated in the upper levels of the commercial wing of the St Marks complex in Newmarket – overlooking the Newmarket Viaduct, with further horizon views across Auckland’s inner-west suburbs.

Meanwhile, the street-fronting food and beverage leasing opportunity sits underneath the multi-million-dollar apartments within one of St Marks’ residential wings.

The commercial wing within the architecturally-designed St Marks development is known as The Blade – a humorous reference to its previous medical centre tenancy on the site - consists of a six-storey commercial space above two levels of underground staff car parking.

St Marks Breast Clinic will occupy the lower four floors of The Blade – running its administrative offices, consultation rooms, and day-surgery suites. Meanwhile, the top floor at The Blade is to be occupied by an orthodontist and oral surgeon. Both tenants are currently fitting out their respective floorspace and expect to be moving in before Christmas.

Floors four and five of The Blade contain the remaining areas for lease. Each floor consists of approximately 405 square metres of commercial space, and are being leased through Bayleys Real Estate. Leasing specialist Ben Wallace said the two areas were being offered as blank canvas’ opportunities which could be bespoke fitted to a client’s specific design requirements.

“With the other occupied floors within The Blade are being tenanted by medical entities, it would seem a natural extension that other like-minded healthcare and services would want to be situated in a brand new, purpose-built complex,” Mr Wallace said.

“However, the landlord is certainly not excluding other corporate sectors or professional services businesses which are simply looking for brand new premium- grade commercial floorspace with stunning views.

“There is also the option of taking both floors and installing an internal stairwell to connect them.”

The Blade is serviced by two lifts and has expansive visitor parking amenities. Each floor in the tower comes with its own 7.5 square metre external balcony facing toward Newmarket, and bathroom amenities are already in place.

“The Blade has been designed with double-glazed floor-to-ceiling windows to maximise the available natural light from its orientation, while the exposed steel diagonal tubular support beams have been used to create a semi-industrial tone to the external look.

Mr Wallace said per square metre rates for The Blade’s two vacant floors may vary depending on lease terms and conditions. Both floors were available for immediate occupation subject to fit-outs.

“Indicatively, the top floor has been leased for $450 per square metre,” he said.

Bayleys hospitality leasing specialist Ranesh Parmar, said the 230 square metre food and beverage site for lease within St Marks facing out onto St Marks Road would suit an experienced hospitality operator with a strategically structured service offering which could transcend from a morning and lunch café-style clientele, through to a bar and bistro-style evening market.

“The target customer audience for both these vastly differing segments consists of not only the employees working in The Blade and the residents living in the adjoining St Marks apartments, but also the staff working in the dozen or so other healthcare providers in the immediate block running along Macmurray Road through to Remuera Road, and across through Epsom to the west,” he said.

“The high-end nature of St Marks’ apartments, combined with the block’s neighbourhood location, create an immediate and substantial point of difference from food and beverage operations situated in and around Newmarket’s arterial Broadway strip. This will have far more of more ‘community’ feel to it.

“And, café/restaurant customers visiting the destination at night will have the benefit of being able to use The Blade’s car parking spaces.”


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